Fisher Asset Management LLC Buys 232 Shares of Eversource Energy (NYSE:ES)

Fisher Asset Management LLC raised its position in shares of Eversource Energy (NYSE:ES) by 1.9% during the third quarter, according to its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 12,306 shares of the utilities provider’s stock after acquiring an additional 232 shares during the period. Fisher Asset Management LLC’s holdings in Eversource Energy were worth $837,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also made changes to their positions in ES. Daiwa Securities Group Inc. boosted its stake in shares of Eversource Energy by 32.2% during the 3rd quarter. Daiwa Securities Group Inc. now owns 56,651 shares of the utilities provider’s stock worth $3,855,000 after purchasing an additional 13,785 shares during the period. Larson Financial Group LLC lifted its stake in Eversource Energy by 162.0% in the third quarter. Larson Financial Group LLC now owns 566 shares of the utilities provider’s stock worth $38,000 after purchasing an additional 350 shares during the last quarter. Swedbank AB boosted its position in shares of Eversource Energy by 2.2% during the third quarter. Swedbank AB now owns 524,379 shares of the utilities provider’s stock valued at $35,684,000 after buying an additional 11,111 shares during the period. Cerity Partners LLC boosted its position in shares of Eversource Energy by 32.9% during the third quarter. Cerity Partners LLC now owns 127,326 shares of the utilities provider’s stock valued at $8,665,000 after buying an additional 31,517 shares during the period. Finally, Great Valley Advisor Group Inc. raised its holdings in shares of Eversource Energy by 18.6% in the third quarter. Great Valley Advisor Group Inc. now owns 72,125 shares of the utilities provider’s stock worth $4,908,000 after buying an additional 11,291 shares during the period. Hedge funds and other institutional investors own 79.99% of the company’s stock.

Eversource Energy Stock Performance

Shares of ES stock opened at $64.48 on Friday. The firm has a market cap of $23.63 billion, a price-to-earnings ratio of -41.07, a PEG ratio of 2.58 and a beta of 0.61. Eversource Energy has a 52-week low of $52.09 and a 52-week high of $69.01. The company has a quick ratio of 0.76, a current ratio of 0.86 and a debt-to-equity ratio of 1.73. The company’s 50 day moving average is $64.33 and its 200 day moving average is $63.00.

Eversource Energy (NYSE:ES) last announced its quarterly earnings results on Monday, November 4th. The utilities provider reported $1.13 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $1.08 by $0.05. The business had revenue of $3.06 billion for the quarter, compared to the consensus estimate of $3.06 billion. Eversource Energy had a positive return on equity of 10.90% and a negative net margin of 4.73%. The business’s revenue was up 9.7% compared to the same quarter last year. During the same period last year, the business posted $0.97 EPS. On average, sell-side analysts anticipate that Eversource Energy will post 4.56 EPS for the current fiscal year.

Eversource Energy Announces Dividend

The company also recently declared a quarterly dividend, which was paid on Monday, September 30th. Shareholders of record on Monday, September 23rd were given a dividend of $0.715 per share. This represents a $2.86 annualized dividend and a dividend yield of 4.44%. The ex-dividend date was Monday, September 23rd. Eversource Energy’s payout ratio is -182.17%.

Wall Street Analyst Weigh In

A number of equities analysts recently issued reports on ES shares. BMO Capital Markets dropped their price objective on Eversource Energy from $74.00 to $72.00 and set a “market perform” rating for the company in a report on Tuesday, October 15th. Scotiabank boosted their target price on shares of Eversource Energy from $57.00 to $66.00 and gave the company a “sector perform” rating in a research note on Tuesday, August 20th. Morgan Stanley upped their price target on shares of Eversource Energy from $69.00 to $75.00 and gave the stock an “equal weight” rating in a report on Friday, August 23rd. Wells Fargo & Company boosted their price objective on shares of Eversource Energy from $72.00 to $79.00 and gave the company an “overweight” rating in a research report on Friday, August 2nd. Finally, Barclays upped their target price on shares of Eversource Energy from $69.00 to $72.00 and gave the stock an “equal weight” rating in a research note on Tuesday, October 15th. Seven analysts have rated the stock with a hold rating and six have given a buy rating to the stock. According to MarketBeat, Eversource Energy currently has a consensus rating of “Hold” and a consensus price target of $70.58.

Eversource Energy Profile

Eversource Energy, a public utility holding company, engages in the energy delivery business. The company operates through Electric Distribution, Electric Transmission, Natural Gas Distribution, and Water Distribution segments. It is involved in the transmission and distribution of electricity; solar power facilities; and distribution of natural gas.